Florida Investor Offers $100 Million to Help Maryland Hotel Exec Buy Tribune Publishing

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A Florida investor in Tribune Publishing has offered to invest $100 million in Maryland hotel executive Stewart Bainum’s bid to buy the Chicago-based newspaper chain.

Former media industry executive Mason Slaine, who until recently was Tribune Publishing’s third-largest shareholder, said he reached out to Bainum Monday to offer his financial support and media experience in an effort to thwart a plan by hedge fund Alden Global Capital to buy the company.

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